Taking Stock of JPMorgan, Apple

Fortune magazine proposes splitting up a whale of a bank. And is the iPhone maker just another U.S. corporation?

As JPMorgan Chase faces a big fine and the possibility of criminal charges arising from the London whale case, Fortune magazine wonders whether it's time for the beleaguered megabank to split up into three companies.

"While the bank is currently contemplating offloading some non-core assets, such as its student loan business, that will do little to appease regulators or add value," writes Fortune contributing writer Sanjay Sanghoee. "What the bank's CEO Jamie Dimon needs to realize is that the real problem...